The Role of R&D Technology in Asymmetic Research Joint Ventures

12 Pages Posted: 3 Apr 2006

See all articles by Sami F. Dakhlia

Sami F. Dakhlia

University of Tennessee, Chattanooga - Department of Finance

Flavio M. Menezes

University of Queensland - School of Economics

Akram Temimi

University of Alabama, Tuscaloosa

Abstract

We characterize asymmetric equilibria in two-stage process innovation games and show that they are prevalent in the different models of R&D technology considered in the literature. Indeed, cooperation in R&D may be accompanied by high concentration in the product market. We show that while such an increase may be profitable, it may be socially inefficient.

Suggested Citation

Dakhlia, Sami F. and Menezes, Flavio M. and Temimi, Akram, The Role of R&D Technology in Asymmetic Research Joint Ventures. Manchester School, Vol. 74, No. 1, pp. 52-63, January 2006, Available at SSRN: https://ssrn.com/abstract=873921 or http://dx.doi.org/10.1111/j.1467-9957.2006.00482.x

Sami F. Dakhlia (Contact Author)

University of Tennessee, Chattanooga - Department of Finance ( email )

TN
United States

Flavio M. Menezes

University of Queensland - School of Economics ( email )

Brisbane, QLD 4072
Australia

Akram Temimi

University of Alabama, Tuscaloosa ( email )

Department of Economics, Finance and Legal Studies
P.O. Box 870244
Tuscaloosa, AL 35487
United States
205-348-8961 (Phone)

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